top Ad Widget

Collapse

Announcement

Collapse
No announcement yet.

Line of Credit

Collapse
X
Collapse
 
  • Page of 1
  • Filter
  • Time
  • Show
Clear All
new posts
Previous template Next
    #1

    Line of Credit

    If I were to apply for a line of credit (for overdrafts) with my current bank, I wouldn't have to include them when I file if I have not used it, correct? I owe nothing to this bank, other than being at work everyday. I'm not trying to get by with anything, I just have this huge fear of using my debit card and forgetting to record it (this fear has been with me for more than 10 years, so no getting over it). I don't want to chance my house payment is bounced and they start foreclosure or the like. Besides the above, I really don't like the idea of paying $25 for a bounced check.

    I'm getting boxed in with my thinking right now, and I can't see the forest for the trees. Anybody got a map?
    Filed Ch 7 2/21/08
    Discharged 6/5/08!!!!
    "Dogs are not our whole life, but they make our lives whole."~ Roger Caras
    Tags: None
    #2
    A line of credit against your checking account is not an asset or a debt.....so.....you shouldn't have to list it.
    Bankruptcy History:
    Chapter 7 filed - 10/12/2005 - Asset
    Discharged - 02/16/2006
    Case Closed - 11/08/2007

    A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain ~ Mark Twain

    All suggestions are based on personal experience and research and SHOULD NOT be construed as legal advice as I am NOT an attorney. Always consult with competent counsel in your area with regards to your particular situation.

    Comment

    Previous template Next

    bottom Ad Widget

    Collapse
    Working...
    X